TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2016 amends Section 192A, raising tax-free withdrawal limit for employees from 30,000 to 50,000.</h1> Clause 70 of the Finance Bill, 2016 proposes an amendment to section 192A of the Income-tax Act. This amendment increases the threshold limit for non-deduction of income tax on the accumulated balance paid to an employee from thirty thousand rupees to fifty thousand rupees. The change is set to take effect from June 1, 2016, allowing for higher untaxed payouts of accumulated balances to employees when the amount does not exceed fifty thousand rupees during the financial year.
TaxTMI 
TaxTMI 
